Average residential property prices in central London are appreciating at their fastest rate in nine years, according to a recent survey.

Knight Frank reveals that property prices in central London rose by 23.5% in the 12 months to September this year.

Liam Bailey, Knight Franks head of residential research, said: "Buyers came back into the market in serious numbers after the summer break. Our records reveal that the number of buyers registered to purchase property in central London is 111% higher than the same period last year.

“In September, supply had fallen by approximately 50% compared to the same month last year